TR-1: Standard form for notification of major holdings Gemfields Group Limited Incorporated in Guernsey. Guernsey registration Number: 47656. South African external company registration number 2009/012636/10 Share code on JSE:GML / AIM:GEM ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31 ("Gemfields" or the "Company") LONDON, 31 MARCH 2021 TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GG00BG0KTL52 Issuer Name GEMFIELDS GROUP LIMITED UK or Non-UK Issuer Non-UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name FIL Limited City of registered office (if applicable) Hamilton Country of registered office (if applicable) Bermuda 4. Details of the shareholder Is the shareholder the same as the person subject to the notification obligation, above? Yes Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above City of registered office (if applicable) Country of registered office (if applicable) 5. Date on which the threshold was crossed or reached 29-Mar-2021 6. Date on which Issuer notified 30-Mar-2021 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of rights Total number of through financial both in % . attached to voting rights held in instruments (total (8.A + shares (total issuer of 8.B 1 + 8.B 2) 8.B) of 8.A) Resulting situation on the date on which 10.92 0.07 10.99 128,539,168 threshold was crossed or reached Position of previous 11.00 0.00 11.00 notification (if applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached 8A. Voting rights attached to shares CLASS/TYPE OF NUMBER OF % OF DIRECT NUMBER OF INDIRECT % OF INDIRECT SHARES ISIN DIRECT VOTING VOTING VOTING RIGHTS VOTING RIGHTS CODE(IF RIGHTS RIGHTS (DTR5.2.1) (DTR5.2.1) POSSIBLE) (DTR5.1) (DTR5.1) GG00BG0KTL52 0 127,707,887 0.00 10.92 Sub Total 8.A 127,707,887 10.92% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) NUMBER OF VOTING TYPE OF RIGHTS THAT MAY BE % OF EXPIRATION EXERCISE/CONVERSION FINANCIAL ACQUIRED IF THE VOTING DATE PERIOD INSTRUMENT INSTRUMENT IS RIGHTS EXERCISED/CONVERTED Sub Total 8.B1 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) TYPE OF PHYSICAL OR NUMBER OF % OF EXPIRATION EXERCISE/CONVERSION FINANCIAL CASH VOTING VOTING DATE PERIOD INSTRUMENT SETTLEMENT RIGHTS RIGHTS CFD Cash 831,281 0.07 Sub Total 8.B2 831,281 0.07% 9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary) % of voting % of voting rights Total of both if rights if it through financial it equals or is Ultimate Name of controlled equals or is instruments if it higher than the Controlling Person undertaking higher than the equals or is higher notifiable notifiable than the notifiable threshold threshold threshold FIL FIL Limited Investments 10.92 0.07 10.99 International 10. In case of proxy voting Is there proxy voting? No Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional Information 12. Date of Completion 30/03/2021 13. Place Of Completion Dublin, Ireland Sponsor Investec Bank Limited Date: 31-03-2021 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.